SOURCE: Yale Resources Ltd.

May 01, 2008 10:55 ET

Yale Reports on Drill Program at Cerro Colorado, Urique North

VANCOUVER, BC--(Marketwire - May 1, 2008) - Yale Resources Ltd. (TSX-V: YLL) and EXMIN Resources Inc. (TSX-V: EXM) are pleased to report that the drill program at the Cerro Colorado target in the northern portion of the Urique Project has been completed and the drill is moving to the San Pedro target area. Cerro Colorado and San Pedro are two of ten known targets within the 290 square kilometre Urique Project, located in the prolific Sierra Madre Precious Metal Belt in southern Chihuahua State, Mexico.

The drilling at Cerro Colorado has intersected the target breccia over several metres width in each of nine holes, totalling 1,353 metres, over a strike length of more than two kilometres and to vertical depths ranging from 10 to approximately 150 metres.

An updated map showing the location of the drill holes at Cerro Colorado is available on the Company's website at http://www.yaleresources.com/i/maps/Cerro-Colorado-drill-program-simplified.jpg.

Assay results from all holes are pending.

Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101, for the Urique Project.

On behalf of the Board,

"Ian Foreman"
Ian Foreman, P.Geo.
President

For additional information on Yale Resources please call the Company at 604-678-2531.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Contact Information

  • Yale Resources Ltd.
    600 - 890 West Pender St.
    Vancouver, B.C., V6C 1K4, Canada
    Phone: 604-678-2531
    Fax: 604-678-2532